RE:RE:Sellers look to be exhausted.my goodness R U daft the selloff on friday was 100% self induced by hexo give away PP 50 million share offering
goldman777 wrote: I was glancing at the daily volume chart, volume is way off from the big sell off on Friday and muted since yesterday - so from this I draw the conclusion that selling at the bottom is nearing an end. Perhaps stating that "sellers are exhausted" may be overly optimistic, but to me anyways it looks like the damage has been done.
My anticipation of a modest green finish played out though, the reversal in the last hour may be an indication of a stronger share price tomorrow. There will be lot`s of day traders who will be more than happy to book 10% - 20% over 3 sessions.
Personally, I will hold for a double - having re-entered @ $2.97 on Friday for the majority of my current position.
To think I used to trade this one between $8 - $10 , sure glad I got off the road when I did.